Vivendi's Activision bid lifts videogame sector
PARIS Dec 3 (Reuters) - Vivendi (VIV.PA) shares rose on Monday on its bid to take control of U.S. videogames group Activision (ATVI.O), as well as stock of rivals as the deal led to speculation of sector consolidation.
Vivendi shares were up 3.22 percent at 0814 GMT, while shares in rivals Ubisoft Entertainment (UBIP.PA) and Infogrames Entertainment IFOE.PA rose respectively 6.8 percent and 7.7 percent.
Les Echos newspaper said Vivendi's plan to acquire control of Activision might force competitor Electronic Arts ERTS.O to raise its 15 percent stake in Ubisoft.
(Reporting by Nick Antonovics)
((nicholas.antonovics@reuters.com; +33149495182; Reuters messaging: nicholas.antonovics.reuters.com@reuters.net))
PARIS, Dec 3 (Reuters) - Vivendi (VIV.PA) shares rose on Monday on its bid to take control of U.S. videogames group Activision (ATVI.O). The stock of rivals also rose as the deal led to speculation of sector consolidation.
Vivendi shares were up 3.22 percent at 0814 GMT, while shares in rivals Ubisoft Entertainment (UBIP.PA) and Infogrames Entertainment IFOE.PA rose respectively 6.8 percent and 7.7 percent.
Les Echos newspaper said Vivendi's plan to acquire control of Activision might force competitor Electronic Arts ERTS.O to raise its 15 percent stake in Ubisoft.
(Reporting by Nick Antonovics)
((nicholas.antonovics@reuters.com; +33149495182; Reuters messaging: nicholas.antonovics.reuters.com@reuters.net))
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